2024-05-15 17:19:19 ET
Summary
- With customers forecasting modest growth, Nvidia Corporation's Q1 '25 earnings release is crucial for the market's direction, with the potential to drive the bull market or trigger a bear market.
- Nvidia intends to ramp up production of Spectrum-X in Q1 '25 and H200 in Q2 '25, both potentially driving significant revenue growth across their hyperscaler customers.
- Despite a challenging macroeconomic environment, I expect demand for GenAI applications to drive growth for Nvidia as businesses seek to optimize ops through automation.
Nvidia Corporation's ( NVDA ) upcoming ( expected post-market May 22nd) Q1 ’25 earnings release may be the most important data release this year and may be the leading driver to the continued bull market or result in the next bear market. With inflation readings coming in hotter than expected and Super Micro Computer ( SMCI ) reporting a less than spectacular forecast in their fiscal Q3 ’24 earnings call , Nvidia may very well be the next foot to hit the ground and send the broader indices into a spiral....
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Nvidia Faces Macro Headwinds And Micro Tailwinds